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571 BANK Street

571 BANK Street

Simcoe, Ontario

6,504 sqft • Other

$1,299,000

Attention investors and business owners, this is a rare opportunity to acquire a fully renovated and highly versatile commercial property at 571 Bank Street in Simcoe. Set on a 1.27 acre lot in a high traffic location, this ML zoned property offers excellent exposure, convenient access to major routes, and flexibility for a wide range of light industrial and commercial uses. Offering approximately 6,504 square feet, the building was completely renovated top to bottom in 2018 with permits. The front features a bright, professionally designed showroom with terrazzo flooring, a red cedar ceiling with exposed steel I beams, and an AODA accessible family bathroom, along with two additional washrooms. A third front room is already plumbed for four more toilets, allowing for future expansion. The space also includes a kitchenette, office area, and LED lighting throughout. At the rear, the warehouse is designed for function with on grade loading through a 9'4 x 9'7 roll up door. A 2024 independent gas suspended heater with a separate thermostat provides efficient climate control. The HVAC system includes two furnaces, currently operating on one, with the option to extend service into the warehouse. The exterior features concrete block construction with steel cladding, new stucco finish, and all new windows with protective coating. The roof includes a BML flat roof completed in 2018 and steel DAP roofing updated in 2026. Interior framing features 2 by 6 steel studs with code compliant insulation and a firewall. The property offers over 60 parking spaces, including two accessible spots, plus a 30 by 60 concrete pad with footings for future expansion. Additional features include an owned Millennium security system, signage electrical box, natural gas, and Bell Explornet high speed internet. A turnkey commercial property with scale, exposure, and growth potential!!!

Price History

Property

Lot Size
1.27 acres

Schools

Secondary

  • Simcoe Composite School0.9 km

    Public · Grand Erie DSB · 725 students

    Grade 10 literacy: 85% met the provincial standard

  • Holy Trinity Catholic High School2.8 km

    Catholic · Brant Haldimand Norfolk CDSB · 980 students

    Grade 10 literacy: 83% met the provincial standard

Elementary

  • ÉÉC Sainte-Marie-Simcoe1.2 km

    French Catholic · CS catholique MonAvenir · 80 students

  • Elgin Avenue Public School1.5 km

    Public · Grand Erie DSB

  • Lynndale Heights Public School2 km

    Public · Grand Erie DSB · 460 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 39% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N3Y

Population
23,402
Private dwellings
10,382
Median age
49.2
Average household size
2.3
Median household income
$77,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Simcoe · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of other properties in Simcoe over the last 12 months.

Location

Mortgage Calculator

$259,800

Estimated Monthly Payment

$6,382

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $6,382/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $325/mo

Estimates only. Consult a financial advisor.

R

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